Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Buys $68,554.39 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 5,569 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $12.31 per share, with a total value of $68,554.39. Following the transaction, the chief executive officer now owns 205,000 shares in the company, valued at $2,523,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Frank Kavanaugh also recently made the following trade(s):

• On Thursday, August 15th, Frank Kavanaugh acquired 13,961 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $12.14 per share, with a total value of $169,486.54.
• On Thursday, June 13th, Frank Kavanaugh bought 38,365 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $1.18 per share, for a total transaction of $45,347.43.

Medalist Diversified REIT Stock Down 3.9 %

Shares of MDRR opened at $12.25 on Friday. The company has a market capitalization of $13.69 million, a P/E ratio of -6.66 and a beta of 0.73. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $14.94. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 2.95. The firm’s 50 day moving average price is $12.11.

Medalist Diversified REIT Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. Medalist Diversified REIT’s payout ratio is -8.70%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Medalist Diversified REIT stock. Renaissance Technologies LLC boosted its holdings in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent quarter. 17.40% of the stock is currently owned by institutional investors and hedge funds.

About Medalist Diversified REIT

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.